v3.22.2.2
Debt (Tables)
9 Months Ended
Sep. 30, 2022
Convertible Senior Secured Notes due 2024  
Summary of Outstanding Note Balances

The outstanding 2024 Note balances as of September 30, 2022 and December 31, 2021 consisted of the following:

 

(In thousands)

 

September 30, 2022

 

 

December 31, 2021

 

Liability component:

 

 

 

 

 

 

 

 

Principal

 

 

207,000

 

 

$

207,000

 

Less: debt discount and debt issuance costs, net

 

 

(44,240

)

 

 

(55,975

)

Net carrying amount

 

$

162,760

 

 

$

151,025

 

Equity component

 

$

18,257

 

 

$

18,257

 

Derivative liability-conversion option

 

$

 

 

$

37

 

Schedule of Interest Expense Recognized Related to the Notes

The following table sets forth total interest expense recognized related to the 2024 Notes for the three- and nine-month periods ended September 30, 2022 and 2021:

 

(In thousands)

 

Three-month period ended September 30, 2022

 

 

Three-month period ended September 30, 2021

 

 

Nine-month period ended September 30, 2022

 

 

Nine-month period ended September 30, 2021

 

Contractual interest expense

 

$

3,105

 

 

$

3,105

 

 

$

9,315

 

 

$

9,315

 

Amortization of debt issuance costs

 

 

291

 

 

 

243

 

 

 

834

 

 

 

698

 

Amortization of debt discount

 

 

3,797

 

 

 

3,179

 

 

 

10,902

 

 

 

9,130

 

Total interest expense

 

$

7,193

 

 

$

6,527

 

 

$

21,051

 

 

$

19,143

 

Convertible Senior Notes due 2021  
Schedule of Interest Expense Recognized Related to the Notes

The following table sets forth total interest expense recognized related to the 2021 Notes for the three- and nine-month periods ended September 30, 2022 and 2021:

 

(In thousands)

 

Three-month period ended September 30, 2022

 

 

Three-month period ended September 30, 2021

 

 

Nine-month period ended September 30, 2022

 

 

Nine-month period ended September 30, 2021

 

Contractual interest expense

 

$

 

 

$

 

 

$

 

 

$

428

 

Amortization of debt issuance costs

 

 

 

 

 

 

 

 

 

 

 

95

 

Amortization of debt discount

 

 

 

 

 

 

 

 

 

 

 

934

 

Total interest expense

 

$

 

 

$

 

 

$

 

 

$

1,457